Mahindra Lifespaces acquires land parcel in south Bangalore
Real Estate

Mahindra Lifespaces acquires land parcel in south Bangalore

The 4.25-acre land tract is in the Singasandra neighbourhood of south Bangalore and was purchased by Mahindra Lifespace Developers, the Mahindra Group's real estate and infrastructure development division.

The site is predicted to have a gross development value of over $4 billion and a developable potential of over 4.6 lakh square feet, with the majority of that space being used for luxury residences.

We are pleased to add this new project to our portfolio because Bangalore is a critical growth area for our residential industry. The introduction of our residential property Mahindra Eden had an overwhelmingly positive response, and this project, which will be our third in Bangalore, follows, according to Arvind Subramanian, MD & CEO of Mahindra Lifespace Developers.

He claims that this most recent acquisition is in line with the company's objective of increasing the developer's footprint in the city's important micromarkets and further strengthening its foothold in India's information technology (IT) capital.

The land piece is conveniently situated off Hosur Road and provides access to nearby social infrastructure, including educational institutions, medical centres, and shopping areas. The land piece is also close to Electronics City, India's largest IT and electronics cluster.

Mahindra Lifespace Developers anticipates beginning construction on the project's first phase in 2023.

The 4.25-acre land tract is in the Singasandra neighbourhood of south Bangalore and was purchased by Mahindra Lifespace Developers, the Mahindra Group's real estate and infrastructure development division. The site is predicted to have a gross development value of over $4 billion and a developable potential of over 4.6 lakh square feet, with the majority of that space being used for luxury residences. We are pleased to add this new project to our portfolio because Bangalore is a critical growth area for our residential industry. The introduction of our residential property Mahindra Eden had an overwhelmingly positive response, and this project, which will be our third in Bangalore, follows, according to Arvind Subramanian, MD & CEO of Mahindra Lifespace Developers. He claims that this most recent acquisition is in line with the company's objective of increasing the developer's footprint in the city's important micromarkets and further strengthening its foothold in India's information technology (IT) capital. The land piece is conveniently situated off Hosur Road and provides access to nearby social infrastructure, including educational institutions, medical centres, and shopping areas. The land piece is also close to Electronics City, India's largest IT and electronics cluster. Mahindra Lifespace Developers anticipates beginning construction on the project's first phase in 2023.

Next Story
Resources

REC Limited Successfully Raises Rs 50 Billion Through Bond Issuance

REC Limited, a leading public sector enterprise under the Ministry of Power and a premier non-banking finance company, has successfully raised Rs 50 billion through the issuance of bonds. The offering included Rs 30 billion through 5-year bonds at coupon of 6.87 % and Rs 20 billion through 10-year bonds at coupon of 6.86 %.The bond issuance witnessed an overwhelming response from market participants, reflecting strong investor confidence in the company’s robust financial position and growth prospects.The bonds have been assigned a ""AAA"" rating by prominent credit rating agencies – CARE R..

Next Story
Resources

Fugro Introduces Geotechnical Innovation at IGIC 2025

Fugro, the world’s leading Geo-data specialist, is proud to announce its participation as a main geotechnical sponsor at the second edition of the International Geotechnical Innovation Conference (IGIC) 2025, taking place on May 5 and 6, 2025, in Jeddah, Saudi Arabia. Organised under the theme ‘Shaping the World Beneath: Fostering Sustainability, Innovation and Resilience in Geotechnics,’ the event will convene global experts to explore new avenues in geotechnical engineering and infrastructure development.  At IGIC 2025, Fugro will introduce its GroundIQ™ approach, a revolut..

Next Story
Resources

Enhance Space and Light with Rugs by Studio by Agni

As the season shifts to longer days and golden light, Studio by Agni introduces its summer edit—a thoughtfully curated collection of rugs designed to breathe freshness, fluidity, and quiet luxury into contemporary living spaces. Known for their timeless craftsmanship and poetic approach to materials, the studio invites homeowners to reimagine their interiors through the grounding beauty of artisanal floor coverings.This summer, rugs become more than just accents, they emerge as statement pieces that elevate light, open up rooms, and soften transitions between zones. From airy neutrals to sun..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?